Optima Bank & Trust Company Mortgage Lending & HMDA Data, 2012
In 2012, Optima Bank & Trust Company of Portsmouth, NH reported 152 mortgage applications totaling $63.0 million, up 33% from 2011. The average application was for $414,572, and applicants reported an average income of $221,473. 71% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Rockingham County-Strafford County, NH (127), Portland-South Portland-Biddeford, ME (18) and Boston-Quincy, MA (2) (applications in parentheses).
| Mortgage Company & Address | Optima Bank & Trust Company 2 Harbour Place Portsmouth, NH 03801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 152 |
| Total Mortgage Loan Application Amount | $63,015,000 |
| Average Mortgage Loan Application Amount | $414,572 |
| Highest Mortgage Loan Application Amount | $2,800,000 |
| Average Applicant Income | $221,473 |
| Highest Applicant Income | $2,025,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Optima Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Optima Bank & Trust Company in 2012
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 93 | $37,401,000 | $402,000 | $2,700,000 | $212,000 | $1,422,000 |
| Refinancing | 44 | $19,257,000 | $437,000 | $2,000,000 | $212,000 | $770,000 |
| Home Improvement | 15 | $6,357,000 | $423,000 | $2,800,000 | $308,000 | $2,025,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 117 | $46,228,000 | $395,000 | $2,700,000 | $227,000 | $2,025,000 |
| Not Provided | 20 | $12,158,000 | $607,000 | $2,800,000 | $288,000 | $1,161,000 |
| Not applicable | 11 | $3,016,000 | $274,000 | $504,000 | $0 | $0 |
| Asian | 4 | $1,613,000 | $403,000 | $1,205,000 | $343,000 | $451,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 152 | $63,015,000 | $414,000 | $2,800,000 | $222,000 | $2,025,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 108 | $45,431,000 | $420,000 | $2,800,000 | $249,000 | $2,025,000 |
| Application Approved But Not Accepted | 17 | $8,542,000 | $502,000 | $1,541,000 | $191,000 | $952,000 |
| Application Denied By Financial Institution | 14 | $3,913,000 | $279,000 | $950,000 | $110,000 | $354,000 |
| Application Withdrawn By Applicant | 8 | $4,144,000 | $518,000 | $2,700,000 | $174,000 | $450,000 |
| File Closed For Incompleteness | 5 | $985,000 | $197,000 | $432,000 | $131,000 | $228,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Optima Bank & Trust Company's 2012 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Optima Bank & Trust Company's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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